Marriott closes on $13B Starwood purchase Combined companies run 5,700 hotels across 110 countries
The W Hotel in Union Square (credit: Starwood Hotels)
This time, no mysterious Chinese suitor showed up at the last minute. Marriott International closed on the $13 billion acquisition of Starwood Hotels Resorts.
The new company will span 5,700 hotels with 1.1 million rooms across 110 countries, making it the world s largest hotel operator. Marriott had initially agreed to buy Starwood in November. But in March, Chinese insurer and fund manager Anbang Ins爱上海龙凤419桑拿